US and Iran Set to Sign 60-Day Truce Deal With Big Promises on Both Sides

Washington and Tehran are reportedly close to signing a 60-day memorandum of understanding a deal that covers the Strait of Hormuz, Iranian oil sales, nuclear commitments, and a ceasefire between Israel and Hezbollah.

A Short-Term Deal Taking Shape

Washington and Tehran are on the verge of signing a sweeping 60-day memorandum of understanding. The draft deal which both sides may extend by mutual agreement touches on some of the most sensitive flashpoints in the Middle East. According to a US official familiar with the talks, the agreement has been quietly taking shape over recent weeks, with both sides inching toward a framework that neither had publicly acknowledged until now.

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Hormuz Strait to Stay Open Mines to Be Cleared

Under the terms of the proposed deal, the Strait of Hormuz will remain open to all vessels free of charge for the full 60-day window. Iran has agreed to clear the mines it placed in the strait, ensuring unobstructed passage for international shipping. “Both sides will sign a memorandum of understanding that will last 60 days and may be extended by mutual consent. During the 60 days, the Strait of Hormuz will be open without charging a passage fee, and Iran will agree to demine the mines placed in the strait to ensure the free passage of ships,” the official noted.

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Sanctions Relief and Frozen Assets Under Discussion

Washington, for its part, looks set to lift the naval blockade on Iranian ports. It will also roll back select economic sanctions freeing Tehran to sell its oil on the open market once again. Beyond that, American officials have indicated a readiness to discuss the unfreezing of Iranian assets during the 60-day period, contingent on both sides moving toward a final comprehensive deal.

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Nuclear Pledge and Hezbollah Ceasefire Included

The memorandum also carries a firm commitment from Iran it will not develop nuclear weapons. The draft further incorporates a cessation of the armed conflict between Israel and the Lebanese movement Hezbollah, making this one of the most wide-ranging short-term diplomatic frameworks attempted in the region in years. US military forces already deployed to the Middle East will, however, remain in position until a final, permanent agreement with the Islamic Republic takes shape.

Also Read | US-Iran Nuclear Deal Draft Includes a Clause to End the Israel-Hezbollah War

Trump Says Final Details Nearly Done

Just a day before these details emerged, US President Donald Trump told reporters that an agreement with Iran was nearly complete. He said both governments were still ironing out the remaining specifics and would announce the outcome shortly. The broader context makes clear that this 60-day window is not meant to be the end it is designed as a bridge toward a lasting settlement between two countries that have been at odds for decades.